TSX:SLS - Post Discussion
Post by
retiredcf on Oct 13, 2022 9:06am
RBC
Solaris Resources Inc.
Announces first follow up drill results from Warintza West target
TSX: SLS | CAD 5.31 | Outperform | Speculative Risk | Price Target CAD 20.00
Sentiment: Positive
Our view: We expect a positive reaction from Solaris shares to the first follow up drill results from the Warintza West target, located 1km west of Warintza Central. Solaris had previously completed one drill hole at the target (announced in February 2021) and since had focused exploration on Warintza Central, Warintza East and other targets. The drill results highlight the potential for a porphyry deposit which management estimates to be at least 900m x 600m. The solid grades and long intervals from surface indicate potential for an open pit mine and low strip ratio that could be incorporated into a larger mine plan with Warintza Central. The deposit remains open with assays pending from three additional drill holes. Management noted they are prioritizing exploration at Warintza Central, focused on expanding the starter pit and higher grade resource expansion at Warintza East but have follow up drilling planned for Warintza West thereafter.
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